Informative prospectus Consob is a document used by parties
seeking public investors, which must be prepared complying to the
models established by the Consob (Commissione Nazionale per le
Società e la Borsa) and must also be verified by the latter
for the adequacy of the information guaranteed to the public by the
regulation.
Regarding the content, it must contain all the necessary
information which allow investors to make well-founded judgments on
the characteristics of the financial instruments offered
and on the asset, economic and financial situation and on the
evolution of the activity of the person who issued them.
The Consob, which may request changes and integrations during
the examination, at the end can grant the authorization, thus
allowing the start of the public offering operations. The failure
to issue the authorization is equivalent to a ban on the
operations.
